Comments on: Cash register: The 49ers' profit-margin in Santa Clara, starting next year, will be LARGEhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/
with Tim KawakamiSun, 02 Aug 2015 17:41:00 +0000hourly1http://wordpress.org/?v=4.2.3By: William F. "Bill" Baileyhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-173997
Sun, 30 Mar 2014 10:20:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-173997“…but typically communities ends up doing well in the end from side revenue”

No, they don’t.

NFL host cities get crumbs and peanuts. Don’t be snowed by any 8.75% sales tax rate – only 1.00% of the purchase comes back to the CITY of Santa Clara that’s actually subsidizing Jed York and the 49ers.

There are no benefits worth the degree to which the CITY (not the County) of Santa Clara has overextended itself to pay for Jed York’s stadium.

]]>By: mikeakhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-173994
Sun, 30 Mar 2014 03:53:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-173994Good points and clearly shows not a lot from 49 games. What about sales at games – should be taxed and what about other events there. Not saying 49ers didn’t get a good deal but typically communities ends up doing well in the end from side revenue
]]>By: William F. "Bill" Baileyhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-173993
Sun, 30 Mar 2014 03:05:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-173993Aside from the pitiful ground rent, the returns to Santa Clara are still pathetic:

Not one cent in CA Sales Taxes were paid by the PSL purchasers – so we’re not only subsidizing Jed York, we’re subsidizing a fan community that will be spending all its money inside the stadium – until the game’s over, after which, they’ll be jampacking it in traffic to get OUT of Santa Clara.

Jed York pays no property tax on the stadium. NFL millionaires always do that: They make sure that a municipal agency is on the hook for the stadium *ownership* even while they exercise complete *control* over it. Jed’s tax basis is the stinking ten days a year he actually hold 49ers games here. Probably less if he takes the team to Wembley Stadium, London, U.K. But you may ask Larry Stone about that.

Average salary for a stadium worker: $7,000 a year.

NOT 70K. NOT 17K, but SEVEN THOU a year.

Also, those jobs should be filled by South Bay residents in any event – but our City Council agreed to reserve 500 of them to current Candlestick workers. So we get shafted on actually placing County of Santa Clara residents in positions at the stadium, much less placing –>city<– residents in those jobs.

Anyway, those silly claims of all these "millions" that Santa Clara is going to make are complete crapola, MikeAck.

If you want to talk about the so-called benefits of having a city agency go a BILLION DOLLARS in debt just for the privilege of flipping cheesburgers and parking cars for Jed York's VIP friends, then come back with real numbers.

]]>By: mikeakhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-173992
Sun, 30 Mar 2014 02:30:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-173992And Santa Clara will make how much from income by staff, businesses around there, tax on sales at the stadium (might be tax excluded don’t know). Point being is don’t give one-sided stats if you want to be credible. Look at the total picture and then judge…
]]>By: mikeakhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-173991
Sun, 30 Mar 2014 02:28:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-173991So the author correlates 2014 one year seat license revenue with “$400M annual” revenue”. Most of that is a one time item so while a great deal for the 49ers the $100M in profit will not be reoccurring…
]]>By: Nickhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-170945
Sun, 06 Oct 2013 18:47:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-170945Too bad they’re making bank off the backs of loyal fans. They could still turn a huge profit and not exclude hundreds of season ticket holders who aren’t going to pay $10,000+ for a seat license. I know the 49ers are a business. This “Faithful” claptrap is clever marketing. All the hype and they lost the Super Bowl. What a great product. Don’t invest too many of your emotions or $’s in sports, you’ll just get let down.
]]>By: William F. "Bill" Baileyhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-170643
Sun, 22 Sep 2013 20:43:00 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-170643The 49ers will pay the City of Santa Clara $180,000 in ground rent in 2014. And that’s all.

Thanks a bunch, Jed.

Bill Bailey, Treasurer,
Santa Clara Plays Fair.org

-=0=-

]]>By: Bill Baileyhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-170035
Sat, 07 Sep 2013 18:31:32 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-170035Sorry, SCResident, but I told the truth about the Ground Lease to the City AND about the structuring of the $950,000,000 Stadium Authority debt.

You couldn’t take it.

Now you’ve just admitted that the San Francisco 49ers, after grabbing hundreds of millions of dollars in revenues from the **NFL** events themselves, are now taking half of every dollar that the **non-NFL** events are generating. Our group publicized that fact even before Measure Jed went on the ballot three years ago.

It’s old news, but it’s the only truthful statement you’ve made here.

Not only that, the 49ers dictate to us whether or not a non-NFL event can be held in a stadium which they continually and falsely state is “ours.” If that isn’t the height of utter greed on the part of Jed York and the 49ers’ front office, I don’t know what is.

Mr. Kawakami’s very posting here describes how well the 49ers have turned “our” stadium into their own personal little ATM. The City of Santa Clara AND the Stadium Authority are left to break even – if they can.

Please keep replying. Every time you do it makes my day.
My point is you are essentially a liar, and you keep proving it. There will be more money going into Santa Clara’s general fund than what you stated, and when confronted with that fact you try and claim that it supports your argument??
Also, the personal jab at me was a nice touch.

Whether or not its fair for the 49ers to get 50% of non NFL revenue is something that could be taken up in another conversation (one I honestly don’t care to have with you). The point, again, is that Bill Bailey is not to be trusted.

To sfnative,
I agree with you. If Eddie wouldn’t have had his stadium anywhere other than SF well then he probably would have figured a way to make it work. I’ll admit that I’m super excited to have the stadium here. I think it’s going to be awesome for the city and the fans. I don’t really care if this was the Yorks’ end game all along.

]]>By: Bill Baileyhttp://blogs.mercurynews.com/kawakami/2013/08/30/cash-register-the-49ers-profit-margin-in-santa-clara-starting-next-year-will-be-l-a-r-g-e/comment-page-1/#comment-170023
Sat, 07 Sep 2013 03:01:35 +0000http://blogs.mercurynews.com/kawakami/?p=19379#comment-170023SCResident shoots himself in the foot: If the 49ers are taking away over $130M a year from their *own* events – why are they taking away 50% of the proceeds of the non-NFL events?

IOW, you yourself just brought up another reason that the stadium deal steals from us Santa Clarans. Thank you.